By Ted Rossman
From Bankrate.com
In late March, the three major credit bureaus announced significant changes to how medical debt will affect Americans’ credit scores. On July 1, paid medical collections will disappear from Equifax, Experian and TransUnion credit reports. Previously, these could have remained for up to seven years. Also, unpaid medical collections will not appear on credit reports unless they’ve been in collections for at least a year (up from six months currently). And beginning next year, medical debts under $500 will no longer appear on credit reports.
